Hospitality
The extra costs eating into restaurants’ survival hopes
Between rising wages and inflation, the hospitality sector says many businesses are struggling to stay afloat
Anne Dwyer has been working in the hospitality industry for a long time, but has never experienced cost and margin pressures like the ones she is facing now.
The executive chef at the Woodford, a bar in the heart of Cork city, has just had her best Christmas season in a decade in terms of custom, yet the pub made less money due to soaring costs.
“It’s just absolutely cruel. What’s soul-destroying is that the custom is out there. We had a great Christmas, a fab Christmas, probably our busiest year in ten years, but we made less because of our outgoings,” she told the Business Post.
